Overview of the Global Market for Malt Extract And Food Preparations Of Flour, Meal, And Starch

Market Size for Malt Extract And Food Preparations Of Flour, Meal, And Starch

In 2022, the global market for malt extract and food preparations of flour, meal, and starches increased by 7.1% to $X, rising for the sixth consecutive year after two years of decline. The market value increased at an average annual rate of +4.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the global market reached the maximum level in 2022 and is expected to retain growth in the near future.

Production of Malt Extract And Food Preparations Of Flour, Meal, And Starch

In value terms, production of malt extract and food preparations of flour, meal, and starches rose rapidly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 15%. Over the period under review, global production of attained the peak level in 2022 and is likely to see gradual growth in the immediate term.

Exports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Exports

In 2022, approx. X tons of malt extract and food preparations of flour, meal, and starches were exported worldwide; approximately mirroring 2021 figures. The total export volume increased at an average annual rate of +3.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 10%. The global exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, exports of malt extract and food preparations of flour, meal, and starches totaled $X in 2022. The total export value increased at an average annual rate of +3.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when exports increased by 16% against the previous year. Over the period under review, the global exports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

The biggest shipments were from Malaysia (X tons), Germany (X tons), Belgium (X tons), Ireland (X tons), the Netherlands (X tons), Singapore (X tons), France (X tons), Canada (X tons), the United States (X tons), Denmark (X tons), Poland (X tons) and Thailand (X tons), together reaching 74% of total export. The UK (X tons) held a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +14.2%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the largest malt extract and food preparations of flour, meal, and starch supplying countries worldwide were Germany ($X), Ireland ($X) and the Netherlands ($X), with a combined 27% share of global exports. Singapore, France, Malaysia, Canada, Belgium, Denmark, the United States, Poland, Thailand and the UK lagged somewhat behind, together accounting for a further 46%.

In terms of the main exporting countries, Canada, with a CAGR of +13.6%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for malt extract and food preparations of flour, meal, and starches stood at $X per ton in 2022, growing by 7.1% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 7.2%. The global export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Ireland ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.1%), while the other global leaders experienced more modest paces of growth.

Imports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Imports

In 2022, supplies from abroad of malt extract and food preparations of flour, meal, and starches decreased by -0.3% to X tons for the first time since 2015, thus ending a six-year rising trend. Over the period under review, total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +64.4% against 2012 indices. The most prominent rate of growth was recorded in 2019 when imports increased by 19% against the previous year. Over the period under review, global imports of hit record highs at X tons in 2021, and then fell in the following year.

In value terms, imports of malt extract and food preparations of flour, meal, and starches expanded to $X in 2022. In general, total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.8% against 2016 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 15% against the previous year. Global imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, the United States (X tons), Japan (X tons), Senegal (X tons), Iraq (X tons), the United Arab Emirates (X tons), the Netherlands (X tons), France (X tons), Malaysia (X tons), the UK (X tons), Nigeria (X tons), Germany (X tons) and Yemen (X tons) was the key importer of malt extract and food preparations of flour, meal, and starches in the world, creating 40% of total import. Belgium (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Yemen (with a CAGR of +53.2%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest malt extract and food preparations of flour, meal, and starch importing markets worldwide were the United States ($X), Senegal ($X) and the United Arab Emirates ($X), with a combined 15% share of global imports. Iraq, Nigeria, Japan, the Netherlands, the UK, Germany, Malaysia, France, Belgium and Yemen lagged somewhat behind, together comprising a further 27%.

Yemen, with a CAGR of +54.3%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for malt extract and food preparations of flour, meal, and starches stood at $X per ton in 2022, rising by 3.7% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average import price increased by 7.3%. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Nigeria ($X per ton), while Yemen ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.6%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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